Annual report pursuant to Section 13 and 15(d)

Inventories

v3.23.3
Inventories
 12 Months Ended
Jun. 30, 2023
Inventories [Abstract]  
Inventories

5. Inventories

 

● Inventory consists of the following at June 30, 2023 and June 30, 2022:

 

    As of     As of  
    June 30,
2023		     June 30,
2022		  
Inventory: Finished Goods   $ 163,644     $ 165,470  
Inventory: Ingredients     63,734       82,625  
Inventory: Packaging     48,824       83,436  
Total Inventory   $ 276,202     $ 331,531  

 

Inventories are stated at the lower of cost or net realizable value. The Company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions and the products relative shelf life. Write-downs and write-offs are charged to loss on inventory write down.